secwatch.observer — SEC 8-K summary
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Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001628280-24-003617
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox Q2 fiscal 2024 revenue $4.23B down 8% YoY; EPS $0.23 vs $0.58 prior year
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- Revenue $4.23B (down 8% YoY); net income $115M (down 64% from $321M).
- Adjusted EPS $0.34 vs $0.48; Adjusted EBITDA $350M (down 34% YoY).
- Affiliate fee revenue +4% (TV segment +10%); advertising revenue -20% (absence of Men's World Cup and midterm election).
- Expenses decreased on lower programming amortization and original scripted hours, partially offset by renewed NFL contract.
- CEO cited strength of core brands; FOX Sports benefits from live sports, FOX News remains cable news leader, Tubi resilient.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000162828024003617/0001628280-24-003617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000162828024003617/fox-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003617

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer